2min chapter

The New Liberal Podcast cover image

Dodging the Debt Ceiling ft. Ben Ritz

The New Liberal Podcast

CHAPTER

The Debt Limit and the Interconnectedness of the System

If the US hits this limit and it doesn't get raised, why would that actually be really catastrophic? What's the logic behind that? So it's because of the role that the government plays in our financial system. And so as interest rates on Treasuries go up, interest rates on everything is also going to go up.

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